Northstar Electronics Inc (fka NEIK)

[ChuckBits]

In that PR, he says they "secured" the IP, but before he said that, he said this:

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Northstar is pleased to announce that it has signed an agreement with a global leader in the aerospace industry, to enable a cashless acquisition of worldwide rights for a family of single engine Turbo-Prop industrial aircraft.

Northstar is now working with that company to secure the approval of this agreement for credit under international industrial offset commitments, and to make contractual arrangements for key technical support services as we prepare for production.

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"Working with the company to secure the approval", blaa, blaa, blaa. I think he's saying it's based on the phantom company agreeing to some kind of stock deal for the IP? They never announced anything along those lines & still say they have no financing in place.

Looks like he is still "planning on constructing a plan to plan for the plan of an airplane".